PHOENIX (3TV/CBS 5) — The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.
The typical home value in the United States was $344,159 in January, 3.6% higher than the year before.
Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.
Stacker compiled a list of cities with the fastest-growing home prices in Arizona using data from Zillow. Cities are ranked by the dollar change in the Zillow Home Values Index for all homes from the 12 months ending January 2024. The charts in this story were created automatically using Matplotlib. Data was available for 50 cities and towns in Arizona.
#50. Oro Valley
– Typical home value: $499,667
– 1-year price change: +$9,633 (+2.0%)
– 5-year price change: +$178,199 (+55.4%)
– Metro area: Tucson, AZ
#49. Tonopah
– Typical home value: $376,859
– 1-year price change: +$9,673 (+2.6%)
– 5-year price change: +$165,619 (+78.4%)
– Metro area: Phoenix-Mesa-Chandler, AZ
#48. Rio Rico
– Typical home value: $253,168
– 1-year price change: +$10,054 (+4.1%)
– 5-year price change: +$108,271 (+74.7%)
– Metro area: Nogales, AZ
#47. Eagar
– Typical home value: $281,261
– 1-year price change: +$10,194 (+3.8%)
– 5-year price change: +$114,067 (+68.2%)
– Metro area: not in a metro area
#46. Sedona
– Typical home value: $918,780
– 1-year price change: +$10,253 (+1.1%)
– 5-year price change: +$392,876 (+74.7%)
– Metro area: Prescott Valley-Prescott, AZ
#45. Lakeside
– Typical home value: $390,408
– 1-year price change: +$10,305 (+2.7%)
– 5-year price change: +$164,031 (+72.5%)
– Metro area: Show Low, AZ
#44. Gilbert
– Typical home value: $565,644
– 1-year price change: +$10,441 (+1.9%)
– 5-year price change: +$224,180 (+65.7%)
– Metro area: Phoenix-Mesa-Chandler, AZ
#43. Gadsden
– Typical home value: $239,614
– 1-year price change: +$10,507 (+4.6%)
– 5-year price change: +$103,875 (+76.5%)
– Metro area: Yuma, AZ
#42. Amado
– Typical home value: $239,390
– 1-year price change: +$10,881 (+4.8%)
– 5-year price change: +$99,597 (+71.2%)
– Metro area: Tucson, AZ
#41. Show Low
– Typical home value: $423,245
– 1-year price change: +$10,890 (+2.6%)
– 5-year price change: +$184,516 (+77.3%)
– Metro area: Show Low, AZ
#40. Three Points
– Typical home value: $262,239
– 1-year price change: +$10,897 (+4.3%)
– 5-year price change: +$94,881 (+56.7%)
– Metro area: Tucson, AZ
#39. Bisbee
– Typical home value: $213,825
– 1-year price change: +$11,000 (+5.4%)
– 5-year price change: +$88,146 (+70.1%)
– Metro area: Sierra Vista-Douglas, AZ
#38. San Luis
– Typical home value: $233,658
– 1-year price change: +$11,658 (+5.3%)
– 5-year price change: +$96,432 (+70.3%)
– Metro area: Yuma, AZ
#37. Cornville
– Typical home value: $504,831
– 1-year price change: +$11,744 (+2.4%)
– 5-year price change: +$182,835 (+56.8%)
– Metro area: Prescott Valley-Prescott, AZ
#36. Tempe
– Typical home value: $470,831
– 1-year price change: +$12,403 (+2.7%)
– 5-year price change: +$181,310 (+62.6%)
– Metro area: Phoenix-Mesa-Chandler, AZ
#35. Prescott
– Typical home value: $590,623
– 1-year price change: +$12,871 (+2.2%)
– 5-year price change: +$212,460 (+56.2%)
– Metro area: Prescott Valley-Prescott, AZ
#34. Queen Creek
– Typical home value: $642,435
– 1-year price change: +$13,008 (+2.1%)
– 5-year price change: +$266,320 (+70.8%)
– Metro area: Phoenix-Mesa-Chandler, AZ
#33. Payson
– Typical home value: $437,210
– 1-year price change: +$13,227 (+3.1%)
– 5-year price change: +$169,122 (+63.1%)
– Metro area: Payson, AZ
#32. Tolleson
– Typical home value: $391,006
– 1-year price change: +$13,310 (+3.5%)
– 5-year price change: +$174,719 (+80.8%)
– Metro area: Phoenix-Mesa-Chandler, AZ
#31. Vernon
– Typical home value: $285,161
– 1-year price change: +$13,647 (+5.0%)
– 5-year price change: +$121,659 (+74.4%)
– Metro area: not in a metro area
#30. Fountain Hills
– Typical home value: $632,886
– 1-year price change: +$14,153 (+2.3%)
– 5-year price change: +$235,200 (+59.1%)
– Metro area: Phoenix-Mesa-Chandler, AZ
#29. Patagonia
– Typical home value: $401,086
– 1-year price change: +$14,863 (+3.8%)
– 5-year price change: +$160,407 (+66.6%)
– Metro area: Nogales, AZ
#28. Parker
– Typical home value: $378,417
– 1-year price change: +$14,891 (+4.1%)
– 5-year price change: +$155,271 (+69.6%)
– Metro area: not in a metro area
#27. Concho
– Typical home value: $256,254
– 1-year price change: +$15,152 (+6.3%)
– 5-year price change: +$107,117 (+71.8%)
– Metro area: not in a metro area
#26. Wickenburg
– Typical home value: $524,995
– 1-year price change: +$15,173 (+3.0%)
– 5-year price change: +$207,100 (+65.1%)
– Metro area: Phoenix-Mesa-Chandler, AZ
#25. Waddell
– Typical home value: $536,820
– 1-year price change: +$15,408 (+3.0%)
– 5-year price change: +$217,398 (+68.1%)
– Metro area: Phoenix-Mesa-Chandler, AZ
#24. Pine
– Typical home value: $470,960
– 1-year price change: +$15,584 (+3.4%)
– 5-year price change: +$212,122 (+82.0%)
– Metro area: Payson, AZ
#23. Cottonwood
– Typical home value: $386,820
– 1-year price change: +$16,502 (+4.5%)
– 5-year price change: +$151,439 (+64.3%)
– Metro area: Prescott Valley-Prescott, AZ
#22. Williams
– Typical home value: $405,231
– 1-year price change: +$16,781 (+4.3%)
– 5-year price change: +$169,775 (+72.1%)
– Metro area: Flagstaff, AZ
#21. Catalina
– Typical home value: $409,142
– 1-year price change: +$17,532 (+4.5%)
– 5-year price change: +$162,660 (+66.0%)
– Metro area: Tucson, AZ
#20. Rio Verde
– Typical home value: $813,943
– 1-year price change: +$18,194 (+2.3%)
– 5-year price change: +$315,413 (+63.3%)
– Metro area: Phoenix-Mesa-Chandler, AZ
#19. Clarkdale
– Typical home value: $456,959
– 1-year price change: +$18,448 (+4.2%)
– 5-year price change: +$172,751 (+60.8%)
– Metro area: Prescott Valley-Prescott, AZ
#18. Mormon Lake
– Typical home value: $324,497
– 1-year price change: +$19,370 (+6.3%)
– 5-year price change: +$149,117 (+85.0%)
– Metro area: Flagstaff, AZ
#17. Parks
– Typical home value: $615,731
– 1-year price change: +$21,696 (+3.7%)
– 5-year price change: +$251,361 (+69.0%)
– Metro area: Flagstaff, AZ
#16. Bellemont
– Typical home value: $446,818
– 1-year price change: +$21,805 (+5.1%)
– 5-year price change: +$179,717 (+67.3%)
– Metro area: Flagstaff, AZ
#15. Tortolita
– Typical home value: $606,372
– 1-year price change: +$21,974 (+3.8%)
– 5-year price change: +$217,139 (+55.8%)
– Metro area: Tucson, AZ
#14. Sonoita
– Typical home value: $539,899
– 1-year price change: +$22,213 (+4.3%)
– 5-year price change: +$202,546 (+60.0%)
– Metro area: Tucson, AZ
#13. Star Valley
– Typical home value: $532,761
– 1-year price change: +$22,481 (+4.4%)
– 5-year price change: +$214,094 (+67.2%)
– Metro area: Payson, AZ
#12. Munds Park
– Typical home value: $572,396
– 1-year price change: +$22,751 (+4.1%)
– 5-year price change: +$268,447 (+88.3%)
– Metro area: Flagstaff, AZ
#11. Forest Lakes
– Typical home value: $503,814
– 1-year price change: +$25,411 (+5.3%)
– 5-year price change: +$233,655 (+86.5%)
– Metro area: Flagstaff, AZ
#10. Flagstaff
– Typical home value: $622,412
– 1-year price change: +$26,413 (+4.4%)
– 5-year price change: +$248,578 (+66.5%)
– Metro area: Flagstaff, AZ
#9. Elgin
– Typical home value: $521,099
– 1-year price change: +$28,383 (+5.8%)
– 5-year price change: +$198,816 (+61.7%)
– Metro area: Nogales, AZ
#8. Scottsdale
– Typical home value: $792,522
– 1-year price change: +$29,168 (+3.8%)
– 5-year price change: +$320,637 (+67.9%)
– Metro area: Phoenix-Mesa-Chandler, AZ
#7. Tubac
– Typical home value: $508,534
– 1-year price change: +$29,528 (+6.2%)
– 5-year price change: +$198,354 (+63.9%)
– Metro area: Nogales, AZ
#6. New River
– Typical home value: $722,347
– 1-year price change: +$33,701 (+4.9%)
– 5-year price change: +$291,775 (+67.8%)
– Metro area: Phoenix-Mesa-Chandler, AZ
#5. Happy Jack
– Typical home value: $484,527
– 1-year price change: +$40,243 (+9.1%)
– 5-year price change: +$230,053 (+90.4%)
– Metro area: Flagstaff, AZ
#4. Fort McDowell
– Typical home value: $1,039,123
– 1-year price change: +$40,731 (+4.1%)
– 5-year price change: +$377,731 (+57.1%)
– Metro area: Phoenix-Mesa-Chandler, AZ
#3. Carefree
– Typical home value: $1,219,524
– 1-year price change: +$50,878 (+4.4%)
– 5-year price change: +$506,962 (+71.1%)
– Metro area: Phoenix-Mesa-Chandler, AZ
#2. Cave Creek
– Typical home value: $989,246
– 1-year price change: +$67,758 (+7.4%)
– 5-year price change: +$424,981 (+75.3%)
– Metro area: Phoenix-Mesa-Chandler, AZ
#1. Paradise Valley
– Typical home value: $3,270,191
– 1-year price change: +$136,225 (+4.3%)
– 5-year price change: +$1,440,934 (+78.8%)
– Metro area: Phoenix-Mesa-Chandler, AZ
This story features data reporting and writing by Elena Cox and is part of a series utilizing data automation across 50 states.
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